Oil & Gas Industry News

Oil fell for a fourth straight session as a US-Iran deal to reopen the Strait of Hormuz improved expectations for increased crude supply.

The U.S. Energy Information Administration raised its Henry Hub spot price forecasts for 2026 and 2027 in its latest short term energy outlook.

Oil prices plunged after the US and Iran agreed to an interim deal aimed at reopening the Strait of Hormuz.

Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.

Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.

Rystad Energy estimated that if U.S.-Iran 'hostilities were to resume in earnest', oil prices could 'move towards $150 per barrel'.

The U.S. military launched strikes against 'multiple' targets in Iran for the second straight day.

Oil prices rose after Trump warned Iran of further US attacks.

A tanker that has previously carried Iranian oil suffered a fire in the Gulf of Oman, maritime security companies and local navies said.

The number of oil tankers crossing Egypt's Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024.